Secular inflation is here

Nah I was just joking. Don’t take it too seriously.

Why not suckling pigs? Those are far more tastier.

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All good!

Don’t know why… Maybe it’s our tradition. We rarely ever have the small piggies.
:person_shrugging:t3:

EDIT:
Actually, don’t forget we are still nearly all poor fobs. We still like quantity over smaller quality. I’m trying to be more generous but it’s a tough battle most of the time.

My Mom did NOT want this party at all. She thinks it’s a total of waste of money…

Tough love!

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You are assuming Fed is ignorant and you know better.

Sarcasm?

Nope. I also learned it from others. Like I said the “laggy data” narrative is catching on. It wasn’t widely known before. Furman did the study because he was egged on by Krugman.

Fed obviously knew that.

Hearty wishes to your dad! :slight_smile:

Btw lemme know when you get drunk, so that I can get secrets from you in the forum :smiling_imp:

Happy birthday to your dad. One year older than me. I think they are just bummed that they were not invited to the party. I trade my wine for homemade brandy. I have a Swiss friend who has been making homemade spirits for 50 years.
Sounds like a good time.

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Pomegranate picking today. $2/lb (last year $1.5 only, inflation!) Yellow ones are way more sweet than the red “Pom” variety.

For train ride, pumpkin patch, corn maze ($13 admission now)

“We are definitely hearing from our clients for the short-term they are storing larger, bulkier items like furniture in trailers attached to their warehouses,” said Brian Bourke, chief growth officer of Seko Logistics. “Although we are not storing regular inventory in 53-foot trailers or containers, we are using 53-footers to store some items like unsorted returns that are less critical, to focus the warehouse on the outbound shipping to customers.”

There’s no space in warehouses. This explains why some retailers are issuing a full refund and telling people to keep the item.

“Approximately 5.4 million barrels of crude and 35% of thermal coal are moved on the Mississippi.”

People think a pipeline is bad for the environment and unsafe, but transporting oil via barge instead is fine.

Went to Livermore outlet mall in the weekend, couldn’t find earth shattering deals yet.

https://www.washingtonpost.com/business/2022/10/10/discounts-inventory-excess-retailers-economy/

https://archive.ph/yfdRq

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https://twitter.com/LHSummers/status/1582019849898799105

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Thanks to Biden my income will soon be so low I won’t have to pay any taxes… lol

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…and Social Security and Medicare will go bust even faster than they already are.
Just wait until we try to print our way out of that and the bond vigilantes come after us like they did the Brits.

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Congress will authorize money printing for these when depleted. This is what every time they talk and do. Government is free to print money and FED is forced to control that inflation…!

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Rate hikes don’t truly control inflation, is quite temporary. For sustained inflation, only way is to shrink money supply. Fed is doing QT very slowly.